Which real wage rate is higher


In 1988, the average wage rate was $9.45 an hour and in 2008 the average wage rate was $18.00 an hour. The CPI in 1988 was 118.3 and in 2008 it was 215.3. Which real wage rate is higher?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Which real wage rate is higher
Reference No:- TGS059991

Expected delivery within 24 Hours